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Stock-Based Compensation
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation

Effective as of June 10, 2019, we amended the OUTFRONT Media Inc. Amended and Restated Omnibus Stock Incentive Plan (the “Stock Plan”) to, among other things, increase the number of shares of our common stock reserved for issuance under our prior plan by 5,100,000 shares, so that the aggregate number of shares reserved for issuance under the Stock Plan is 13,100,000 shares of our common stock.

The following table summarizes our stock-based compensation expense for the three and nine months ended September 30, 2019 and 2018.
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(in millions)
 
2019
 
2018
 
2019
 
2018
Stock-based compensation expenses (restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)), before income taxes
 
$
5.6

 
$
4.8

 
$
16.4

 
$
15.4

Tax benefit
 
(0.4
)
 
(0.4
)
 
(1.1
)
 
(1.1
)
Stock-based compensation expense, net of tax
 
$
5.2

 
$
4.4

 
$
15.3

 
$
14.3



As of September 30, 2019, total unrecognized compensation cost related to non-vested RSUs and PRSUs was $29.6 million, which is expected to be recognized over a weighted average period of 2.0 years.

RSUs and PRSUs

The following table summarizes activity for the nine months ended September 30, 2019, of RSUs and PRSUs issued to our employees.
 
 
Activity
 
Weighted Average Per Share Grant Date Fair Market Value
Non-vested as of December 31, 2018
 
1,723,980

 
$
22.39

Granted:
 
 
 
 
RSUs
 
853,965

 
21.73

PRSUs
 
376,418

 
21.41

Vested:
 
 
 
 
RSUs
 
(586,553
)
 
21.99

PRSUs
 
(246,542
)
 
21.99

Forfeitures:
 
 
 
 
RSUs
 
(42,425
)
 
22.16

PRSUs
 
(5,250
)
 
22.17

Non-vested as of September 30, 2019
 
2,073,593

 
22.10



Stock Options

The following table summarizes activity for the nine months ended September 30, 2019, of stock options issued to our employees.
 
 
Activity
 
Weighted Average Exercise Price
Outstanding as of December 31, 2018
 
141,847

 
$
23.08

Exercised
 
(15,319
)
 
10.78

Outstanding as of September 30, 2019
 
126,528

 
24.57

 
 
 
 
 
Exercisable as of September 30, 2019
 
126,528

 
24.57